The parliamentary panel on energy has blamed the Reserve Bank of India's (RBI) revised resolution framework for the surge in stressed assets in the power sector.

In fact, the panel has observed that even operational and functional power sector units are on the verge of becoming non-performing assets due to the knee-jerk action of the RBI.

The panel said that norms like having a resolution plan by 180 days is not possible, especially for power sector and at least 231 days would be needed for that.

The panel has urged the RBI to look at sectoral non-performing assets (NPA) norms for stressed sector.

The panel maintains that the RBI should amend these guidelines and look at the issue in an unbiased manner or else more power sector assets would become NPAs.

First Published:Aug 7, 2018 8:04 PM IST